Analysts Anticipate Mid-America Apartment Communities Inc (MAA) to Announce $1.49 Earnings Per Share
Wall Street analysts expect Mid-America Apartment Communities Inc (NYSE:MAA) to report earnings per share of $1.49 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Mid-America Apartment Communities’ earnings. The lowest EPS estimate is $1.46 and the highest is $1.54. Mid-America Apartment Communities reported earnings per share of $1.44 in the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The firm is expected to report its next earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that Mid-America Apartment Communities will report full year earnings of $6.18 per share for the current financial year, with EPS estimates ranging from $6.14 to $6.25. For the next financial year, analysts anticipate that the company will report earnings of $6.38 per share, with EPS estimates ranging from $6.26 to $6.48. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Mid-America Apartment Communities.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.55. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The firm had revenue of $398.15 million during the quarter, compared to analyst estimates of $399.19 million. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year.
In other news, insider H Eric Bolton, Jr. sold 262 shares of the stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $97.84, for a total transaction of $25,634.08. Following the completion of the transaction, the insider now directly owns 224,347 shares in the company, valued at approximately $21,950,110.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Eric Bolton, Jr. sold 338 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $107.04, for a total value of $36,179.52. Following the transaction, the chief executive officer now owns 222,316 shares of the company’s stock, valued at $23,796,704.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,942 shares of company stock valued at $404,628. Insiders own 1.26% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in Mid-America Apartment Communities by 0.9% in the third quarter. BlackRock Inc. now owns 11,121,144 shares of the real estate investment trust’s stock worth $1,114,119,000 after buying an additional 95,675 shares during the last quarter. AXA increased its stake in Mid-America Apartment Communities by 125.6% in the third quarter. AXA now owns 41,057 shares of the real estate investment trust’s stock worth $4,113,000 after purchasing an additional 22,859 shares during the period. Duff & Phelps Investment Management Co. increased its stake in Mid-America Apartment Communities by 0.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 672,155 shares of the real estate investment trust’s stock worth $64,325,000 after purchasing an additional 5,475 shares during the period. ING Groep NV purchased a new stake in Mid-America Apartment Communities in the third quarter worth $449,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Mid-America Apartment Communities by 35.8% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 145,300 shares of the real estate investment trust’s stock worth $13,905,000 after purchasing an additional 38,283 shares during the period. Hedge funds and other institutional investors own 93.12% of the company’s stock.
Shares of NYSE MAA traded down $0.24 during midday trading on Friday, hitting $108.01. 8,581 shares of the company’s stock traded hands, compared to its average volume of 611,549. Mid-America Apartment Communities has a 1 year low of $86.61 and a 1 year high of $108.29. The firm has a market capitalization of $12.23 billion, a P/E ratio of 17.88, a PEG ratio of 3.31 and a beta of 0.49. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.71.
About Mid-America Apartment Communities
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.
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